Monday, September 30, 2013

Tax Advantaged Income with Life Insurance - Life insurance and Taxes

America has become the taxation nation. The IRS code is the most complex rules of engagement that govern the lives of working Americans. Tax advantaged products can really help mitigate ordinary income taxes, but in particular TAMRA compliant cash value life insurance. Steve and Ken outline the impact of various taxes and address some tax favored features with life insurance.

Friday, September 27, 2013

Tribute to Life Insurance Awareness Month - A Tribute to the Industry

Video is more powerful than words. If a picture paints a thousand words, then a five minute video can cover an encyclopedia. The first segment features a short video vignette of the insurance industry's economic impact on America. The second segment shows the real impact of life insurance on real people. Steve lets the videos speak for themselves.

Thursday, September 26, 2013

Tribute to Life Insurance Awareness Month - MEC & NON MEC Life Insurance

Life was great until 1988. Then TAMRA became law and introduced a new life insurance tax status, modified endowment contracts. With the exception of a tax-free benefit (which is a benefit), a MEC life insurance contract was taxed like an annuity. But the insurance industry developed a "work around" and its use of non-modified endowment contracts for tax advantaged income is more popular than ever. Steve and consumer reporter Kassie Rohde introduce a Shakespearean inquiry, "to MEC or not to MEC; that, is the question."

Wednesday, September 25, 2013

Tribute to Life Insurance Awareness Month

Spousal and Survivorship Life Insurance

Although we're well into the 21st century, life insurance approaches are still in the last century. Female spousal life insurance is still a "rider" or "unit" purchase, when it should be a stand-alone policy. Why? Because most households financially depend on two bread winners. Two can live cheaper than one, but the survivor can't live on their own income. Interestingly enough, survivorship life is based on both lives and can deliver the economic leverage an individual life just can't generate. Steve and consumer reporter Kassie Rohde discuss the equal status on spousal insurance and the power of survivorship.

Tuesday, September 24, 2013

Tribute to Life Insurance Awareness Month

Purposes & Types of Life Insurance

There are about 10 general purposes for life insurance that include personal protection, business applications and estate transfer funding for taxes, charitable intent and generational legacies. But there are also differing life insurance products designed to meet those purposes. Steve and consumer reporter Kassie Rohde talk about the purposes and types of life insurance.

Monday, September 23, 2013

Tribute to Life Insurance Awareness Month - Intro to Life Insurance

Sir Edmund Halley, of Halley Comet fame, was also an accomplished mathematician who developed the first actuarial table at the turn of the 18th century. Our present 2001 CSO tables still bear the imprint of his work. The industry prices its premium on the law of large numbers. But the amount of life insurance necessary is solely based on an individual. Steve and consumer reporter Kassie Rohde introduce life insurance to morbidity agents, registered representatives, advisors and bank officers.

Friday, September 20, 2013

The Business Succession Blueprint - Benefits of the Business Blueprint

Most financial advisors and insurance professionals need a planning process themselves. Going through the process for your own business can be extremely helpful in dealing with other business owners. Steve and Nate talk about how to position your practice in the business environment and leverage your brand.

Thursday, September 19, 2013

The Business Succession Blueprint - After the Sale of the Business

Selling a business is like leaving your second family. Having things to do and places to go is a plan in itself. Some transitions have a slow exit strategy for the business owner, others just cut the connection altogether. But most retired business owners still desires to live at their present lifestyle. Steve and Nate address the continued accumulation of wealth needed in order to maintain or exceed the level of your lifestyle after the sale and insure protection of your assets.

Wednesday, September 18, 2013

The Business Succession Blueprint - The Sale of the Business

Most business owners have an inflated value on their business and the goodwill that comes with it. But without an ongoing management team, operational systems and procedures in place, potential buyers will devalue the company. The real value of passive ownership can enhance the sales price of the business. Steve and Nate walk you through the transition from being the franchise player to working yourself out of a job.

Tuesday, September 17, 2013

The Business Succession Blueprint - The Business Flow Process

Today, many small businesses are dependent upon their owners for the day-to-day operations of the companies. The companies' operational procedures are stored in the mind of the owner. Potential buyers of businesses want systems and processes in place that are not dependent on the owner's involvement. Steve and Nate discuss the trap that most business owners fall into: Working in their business and not on their business.

Monday, September 16, 2013

The Business Succession Blueprint - Introduction into Business Succession

The conventional approach to business succession planning is overwhelming to most small business owners. The inventory of planning modules related to succession planning is just too much. Nate Sachs, creator of Blueprints for Tomorrow, has simplified the approach with his blueprints, which frame a process that is easy to understand for small business owners. Steve and Nate introduce you to this entirely new methodology that has helped more than 2,000 small business owners.

About Steve Savant

Steve Savant

As the National Marketing Spokesperson for Ash Brokerage, Steve Savant looks forward to meeting financial professionals in every way possible - in person or by video through conferences and social media.

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